Page: 78

Trusts, m o n o p o l i e s  a n d  t e c h n i q u e :
"M o n o p o l y  f o r m a t i o n s  
r e t a r d  r a t h e r  t h a n  a c c e l e r a t e  
this technical improvement, which alone 
guarantees the development of export capacity" 
("Neue Zeit", 32, 1, 1913—4, p. 383, summary 
of the article by Louis E. Fraina: "Concentration, 
Monopoly, Competition: A New Direction in the 
National Economy," in "The New Review" 
(New York), (1913, September)).

MONOPOLIES AND TECHNIQUE

NB
NB
Lenin Miscellany XXIX
[ 81 1
v


P. LENSCH. "DIE SOZIALDEMOKRATIE, IHR ENDE 
UND IHR GLÜCK"
P. Lensch: "Die Sozialdemokratie, ihr Ende 
und ihr Glück". Leipzig (Hirzel) 1916. 
(Preface, 22. V. 1916.)
S. 11—12. Marx had only "Spott" [mockery] toward 
such "wohlmeinende Vorstellungen" [well-meaning 
conceptions], like disarmament, "self-determination 
of peoples" etc.
(S. 41: "the old petty-bourgeois 
"sectarian" ha-ha! dogmatism"
S. 15—— since the 1890s, social democracy 
"gradually sheds what still clung to it of sectarian 
character"... (hopes for a thousand-year kingdom, 
etc., have fallen away)...
Everyone evaluated everything from an "agitational" 
point of view (17)... "enthusiastic period" of German 
Social Democracy... (even in 1889 with the resolution 
on May 1st.)
Growth of imperialism — end of the 19th century — 
England, France, and Germany too (26—27)...
Growth of revisionism: both tendencies 
(both revisionism and radicalism) were necessary 
and useful (31—5)...
Marx and Engels were not "petty-bourgeois sentimentalists": 
"They knew that in war, after all, people shoot" (39)——
62—68. One should have voted against credits on 
August 4th (in reality everything would have been

* The word "Selbstbestimmungsrecht" [self-determination] in the manuscript is connected by an arrow with a later marginal note: "(S. 41: 'old petty-bourgeois dogmatism')". Editor.
[ 82 ]